Surgent's Depreciation Rules for Bonus and Section 179 Expensing

Overview

Thanks to the One Big Beautiful Bill Act (OBBBA) passed in 2025, 100% bonus depreciation is now permanently available for new and used assets. OBBBA has restored 100% bonus depreciation and increased the depreciation that can be taken under Section 179. OBBBA also provided a new, important depreciation topic — qualified production property. These topics, covered extensively in the program, are vital for tax practitioners advising business taxpayers.

Highlights

• OBBBA permanently restores 100% bonus depreciation
• Notice 2026-11 confirms existing bonus framework and availability of component elections
• Qualified improvement property (QIP) is boosted by OBBBA
• Qualified production property (QPP): established by OBBBA, clarified by Notice 2026-16
  • Definitions
  • Timing
  • Inclusions/exclusions
  • Third-party lease scenarios
  • Election mechanics
  • Recapture
• New enlarged Section 179 ceiling limitations
• OBBBA energy incentives sunset guide
• 179D deduction still in play
• Tangible property regulations and their role in a strategic hierarchy of depreciation

Prerequisites

A basic understanding of the tax rules relating to individual income tax

Designed For

Accounting and finance professionals who anticipate advising clients with respect to depreciation of business property

Objectives

• Understand the new depreciation rules associated with OBBBA

Preparation

None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education.